THE LEGAL TENDER (INSCRIBED NOTES) ACT, 1964 
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ARRANGEMENT OF SECTIONS 
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SECTIONS 

1.  Short title and extent. 
2.  Notes bearing messages of a political character not to be legal tender. 
3.  Repeal and savings.  
 


THE LEGAL TENDER (INSCRIBED NOTES) ACT, 1964

ACT NO. 28 OF 1964

[30th September, 1964.]

An  Act  to  restrict  the  negotiability  of  currency  and  other  notes  inscribed  with  messages  of  a 
political character. 

BE it enacted by Parliament in the Fifteenth Year of the Republic of India as follows:—

1. Short title and extent.—(1) This Act may be called the Legal Tender (Inscribed Notes) Act, 1964. 
(2) It extends to the whole of India. 

2.  Notes  bearing  messages  of  a  political  character  not  to  be  legal  tender.—Notwithstanding 
anything  contained  in  the  Reserve  Bank  of  India  Act,  1934  (2  of  1934),  or  in  the  Currency          
Ordinance, 1940 (Ord. 4 of 1940), or in any other law for the time being in force, a currency note of the 
Government  of  India,  a  bank  note  issued  by  the  Reserve  Bank  of  India,  or  a  Government  of  India        
one-rupee  note  issued  under  the  Currency  Ordinance,  1940,  which  bears  written  upon  it  any  extrinsic 
words  or  visible  representations  intended  to  convey  or  capable  of  conveying  a  message  of  a  political 
character, shall not be legal tender; and the Reserve Bank of India shall not be under any legal obligation 
to receive any such note, or to issue rupee coin or other coin or currency notes or bank notes in exchange 
for any such note, or to refund the value of any such note: 

Provided that the Reserve Bank of India may refund as of grace the whole or part of the value of any 
such note. 

3. Repeal and savings.—(1) The Legal Tender (Inscribed Notes) Ordinance, 1942 (Ord. 59 of 1942), 
is hereby repealed. 

(2) Notwithstanding such repeal, anything done or any action taken under the said Ordinance, shall be 
deemed to have been done or taken under this Act as if this Act were in force on the day on which such 
thing was done or such action was taken.